Agency Residential Mortgage-Backed Securities (Questions 62-65)

62) Over the past three months, how have the terms under which agency rmbs are funded changed?


The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets, which are important conduits for leverage in the financial system. The participating institutions account for most of the dealer financing of dollar-denominated securities to non-dealers and are the most active intermediaries in OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. For further information, please refer to the SCOOS release at the Board of Governor’s website: www.federalreserve.gov/data/scoos.htm.

IMPORTANT: Although the raw data series are constructed as counts for each offered response to a survey question, the data are intended to be viewed as grouped by question, rather than by individual responses. We recommend that it be accessed through the below release table for appropriate context.

For questions on the data, please contact the data source: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/data/scoos%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/


   

Please select a date range

    Q4 2011    
 
 
    Q2 2026
Number of Respondents
Name Q2 2026 Q1 2026 Q2 2025
A. Terms for Average Client
1. Maximum amount of funding
Tightened Considerably
0 0 0
Tightened Somewhat
0 1 0
Remained Basically Unchanged
18 16 18
Eased Somewhat
0 0 2
Eased Considerably
0 0 0
2. Maximum maturity
Tightened Considerably
0 0 0
Tightened Somewhat
0 0 0
Remained Basically Unchanged
18 17 20
Eased Somewhat
0 0 0
Eased Considerably
0 0 0
3. Haircuts
Tightened Considerably
0 0 0
Tightened Somewhat
0 0 0
Remained Basically Unchanged
18 17 19
Eased Somewhat
0 0 1
Eased Considerably
0 0 0
4. Collateral spreads over relevant benchmark (effective financing rates)
Tightened Considerably
0 0 0
Tightened Somewhat
2 2 1
Remained Basically Unchanged
13 14 18
Eased Somewhat
3 1 1
Eased Considerably
0 0 0
B. Terms for most favored clients, as a consequence of breadth, duration and/or extent of relationship
1. Maximum amount of funding
Tightened Considerably
0 0 0
Tightened Somewhat
0 1 0
Remained Basically Unchanged
17 16 18
Eased Somewhat
1 0 2
Eased Considerably
0 0 0
2. Maximum maturity
Tightened Considerably
0 0 0
Tightened Somewhat
0 0 0
Remained Basically Unchanged
17 17 20
Eased Somewhat
1 0 0
Eased Considerably
0 0 0
3. Haircuts
Tightened Considerably
0 0 0
Tightened Somewhat
0 0 0
Remained Basically Unchanged
18 17 20
Eased Somewhat
0 0 0
Eased Considerably
0 0 0
4. Collateral spreads over relevant benchmark (effective financing rates)
Tightened Considerably
0 0 0
Tightened Somewhat
2 2 0
Remained Basically Unchanged
13 14 19
Eased Somewhat
3 1 1
Eased Considerably
0 0 0
   

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